STRONG RESULTS AND IMPRESSIVE GROWTH FROM TWENTY

STRONG RESULTS AND IMPRESSIVE GROWTH FROM TWENTY

350% increase in turnover 250% increase in net fee income

Twenty Recruitment Group, the multi sector professional recruitment consultancy, launched in January 2009 by ex Astbury Marsden directors Paul Marsden and Adrian Kinnersley, has posted exceptionally strong figures for its second full year of trading.

Despite launching at the very height of the recession, turnover has increased by 350% to just shy of 4m, ( 2009: 0.9m) net fee income was up 250% at 2.2m ( 2009: 0.6m) and headcount as at the 2010 year end was 32 ( 2009:13). The company is planning aggressive growth during 2011 and has a forecast of a turnover of around 13m, a net fee income of around 6.8m and a sales headcount of around 75.

On the basis of these figures, we are now on target to be in the top three fastest growing companies in the UK, said CEO Paul Marsden. We have just moved into a 7000 sq ft office in the City, which will support a headcount of 100, and have opened our first international office in New York and importantly, we are on budget for our 2011 forecast.

The company also has plans for further international expansion. This year, we will open new international locations to support our global business - 2012/13 will see us build on that momentum to become a dominant global recruitment brand, adds Marsden.